XTX Topco Ltd Buys 5,196 Shares of Constellation Brands Inc $STZ

XTX Topco Ltd grew its stake in Constellation Brands Inc (NYSE:STZ) by 16.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 35,903 shares of the company’s stock after buying an additional 5,196 shares during the quarter. XTX Topco Ltd’s holdings in Constellation Brands were worth $5,841,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in STZ. Zions Bancorporation National Association UT bought a new stake in Constellation Brands in the 1st quarter valued at $38,000. Flaharty Asset Management LLC acquired a new stake in shares of Constellation Brands in the 1st quarter valued at about $39,000. WPG Advisers LLC bought a new stake in shares of Constellation Brands in the first quarter valued at about $43,000. Hoey Investments Inc. bought a new stake in shares of Constellation Brands in the second quarter valued at about $40,000. Finally, Curio Wealth LLC boosted its position in shares of Constellation Brands by 29,900.0% during the second quarter. Curio Wealth LLC now owns 300 shares of the company’s stock worth $49,000 after buying an additional 299 shares during the period. Institutional investors own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

STZ has been the topic of a number of recent research reports. Barclays dropped their target price on Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 9th. UBS Group set a $160.00 price objective on shares of Constellation Brands in a report on Tuesday, October 7th. Bank of America cut their price objective on shares of Constellation Brands from $150.00 to $142.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 3rd. Zacks Research upgraded shares of Constellation Brands from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Finally, Citigroup lowered their price target on shares of Constellation Brands from $155.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $181.88.

Constellation Brands Price Performance

Shares of STZ opened at $132.31 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. The company’s fifty day simple moving average is $134.93 and its 200 day simple moving average is $156.88. Constellation Brands Inc has a 1-year low of $126.45 and a 1-year high of $245.31. The company has a market cap of $23.16 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 0.39 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. The company had revenue of $2.32 billion during the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. On average, research analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, October 30th. This represents a $4.08 annualized dividend and a yield of 3.1%. Constellation Brands’s dividend payout ratio (DPR) is currently 59.56%.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.